Nets announce a strategic alliance with Przelewy24.

Nordic payments firm Nets, following its recent acquisition of Dotpay/eCard, will attain a majority stake of 51% in the consolidated Polish group that will include Przelewy24 and Dotpay/eCard. No financial terms were disclosed. Piotr Kurczewski will continue as CEO and shareholder of Przelewy24, with 49% of the consolidated group. Andrzej Budzik will continue as CEO of Dotpay/eCard. Poland’s payments landscape is characterised by “solid growth” in e-commerce volumes and “high growth potential” through cash to digital payments conversion. Przelewy24 has a product suite within e-commerce. Its inclusion in Nets aims to provide it with a broader portfolio of e-commerce solutions, increased industrial scale and “synergies” through joint innovation. Kurczewski comments: “With our offerings in the e-commerce area we will further strengthen our combined merchant services portfolio, and as part of the Nets Group we will be able to speed up innovation, building on our joint capabilities.”